Pi Network has officially responded to recent claims by Bybit CEO Ben Zhou regarding the project's legitimacy.
What Started the Controversy?
Ben Zhou, who leads the major cryptocurrency exchange Bybit, raised concerns about Pi Network in two recent social media posts. His comments came amid a significant security breach at Bybit on February 21st. Zhou’s post referenced a supposed Chinese police warning about Pi Network, and he stated his belief that the project is a scam.
Pi Network's Official Response
Pi Network quickly clarified that the police report Zhou mentioned was actually about scammers trying to impersonate Pi Network. The project stated it has never been contacted by Chinese authorities about any issues and strongly opposed any efforts to deceive people by pretending to be Pi Network or its affiliates. Pi Network emphasized its lack of official contact with Zhou or Bybit and noted that their project had never condemned any posts aimed at these individuals.
New Safety Guidelines Released
Pi Network also published a new safety post to help users stay safe, seemingly in response to the recent allegations. The post includes a list of official Pi Network communication channels, warnings about unofficial platforms, confirmation that the project has sought legal advice to deal with scammers, and clear guidelines for identifying legitimate Pi Network communications.
In light of the recent allegations, Pi Network has taken a professional approach by providing clear information and focusing on protecting its users from scams.
